The brand, which bills itself as the “#1 CBD Franchise Opportunity,” capitalizes on growing trends with a classic retail model.
Last updated: March 2024
Franchise website: https://gesunmed.com/pages/franchise-information
Number of locations: 290
Reported admission fee: $93,300 – $148,550
Reported ROI (Item 19): $74,000
Your CBD store stands out as the premier organic hemp product retailer, uniquely housing the SunMed and SunFlora collections. With extensive locations in many states, the company prides itself on offering products made from hemp grown within the United States. Cannabidiol, commonly known as CBD, has a reputation for potential benefits in anxiety, cognitive issues, movement disorders, and pain management. Beyond health and wellness products, Your CBD store also offers a wide selection of skin care products, edible treats, books, and even items designed for pet care.
How many CBD stores are there?
CBD Store started in 2018. Founder Rachel Quinn battled the pain of Crohn's disease for years, suffering more from the side effects of the medications she was initially prescribed than the disease itself. When she felt that CBD oil, which is extracted from hemp and contains only small amounts of THC, provided relief, she found her new calling.
The first Your CBD store opens in Bradenton, Florida. After several years of licensing, Your CBD Store began franchising in 2020 and has quickly grown to over 290 franchises across the United States.
In 2019, a former business owner in California filed a lawsuit against Your CBD Store. The matter was finally settled for an undisclosed amount in favor of the franchisor after more than two years of litigation.
What is the business model of your CBD store?
CBD Store franchisees will open retail stores selling hemp-derived SunMed products designed to help adult consumers restore, revitalize and improve their quality of life. Products are made from domestically grown USDA certified organic hemp and include oil tinctures, water solubles, beverage fortifiers, cosmetics, gummies, and pet products. All products are third-party lab tested and include a QR code that consumers can scan to see the certificate of analysis for the entire panel.
With CBD usage on the rise, Your CBD Store may gain even more attention due to its outstanding customer service. The explosive growth of the CBD sector and its franchise opportunities can be largely attributed to the uneven legal landscape of cannabis within the United States. In areas where cannabis remains prohibited, companies are turning to selling CBD products as a legal alternative.
How much money can a CBD store franchise owner make?
CBD Store makes no representations regarding the future financial performance of its franchisees or the past financial performance of its own or franchised stores. By dividing the total revenue of all franchises ($22 million) by the number of franchised locations (291 in 2022), your CBD franchise locations generated an average of $74,000 in annual sales in 2022 .
How much does it cost to open a CBD store franchise?
The costs required to start operating your CBD Store franchise include:
Initial Franchise Fee: $20,000Lease and Construction: $7,500 – $17,500Equipment: $10,000 – $15,000Operating Expenses: $55,800 – $96,050Total: $93,300 – $148,550
What is the franchise fee for a CBD store?
The franchise fee required to open a Your CBD Store franchise is $20,000.
Who is on your CBD store’s leadership team?
What useful articles can I read to learn more about CBD stores?
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